Prepare a Letter of Advice to Serena that outlines/discusses/explains the following:
1. Discuss the deductibility of all the compensation incurred in association to the rental possessions. Also warn her about coming assessable allowance and allowable inferences in association to the possessions. (10 marks) 2. Discuss the deductibility of Serena’s car expenses, attached that she used her own car for her
business as well-mannered-mannered as for individual purposes. Calculate the consummation inference she would be
entitled to using the methods profitable to her. (5 marks)
3. Discuss the deductibility of the other items of compensation incurred during the year.